Synopsis
Another mid-sized pharma firm, La Renon, backed by Sequoia Capital and A91 Partners is also keen on buying out Oaknet. Binding bids will be submitted by this month and the deal is likely to be signed by May 2021, sources said.
A clutch of Indian pharmaceutical majors such as
Sun Pharmaceutical, Dr Reddy s Labs (DRL), KKR-owned JB Chemicals & Pharmaceuticals, Torrent Pharma and Piramal Pharma have shown interest in acquiring Oaknet Healthcare, the Mumbai-based drug formulation manufacturer owned by private equity fund Samara Capital.
Investment bank Rothschild is advising the fund to find a potential buyer for the business at a valuation of $100 million (about Rs 700 crore), said multiple people aware of the development.
Notice of Extraordinary General Meeting DP Eurasia (DPEU.L), the master franchisee of the Domino s Pizza brand in Turkey, Russia, Azerbaijan and Georgia, announces that DP Eurasia will hold an Extraordinary General Meeting (the EGM ) on 21 April 2021, commencing at 14:00 pm (CEST). The business of the EGM will be to consider and, if thought fit, approve certain resolutions including the appointment of Mr. Shyam S. Bhartia, Mr. Hari S. Bhartia and Mr. Pratik R. Pota as non-executive directors replacing Mr. Seymur Tari, Ms. Aksel Ş ahin and Mr. Neil Harper as shareholder representatives pursuant to the relationship agreement between the Company and Fides Food Systems Coöperatief U.A. ( Fides ). Fides is owned by Jubilant Foodworks Limited ( JFL ) through its wholly owned subsidiary, Jubilant Foodworks Netherlands B.V. Mr. Shyam S. Bhartia is founder and Chairman of JFL, Mr. Hari S. Bhartia is founder and Co-Chairman of J
India is mulling a new national strategy to strengthen the country’s cybersecurity amid allegations that Chinese intrusions may have affected operations at a key stock exchange and supply of electricity in the country’s commercial capital.
PM Narendra Modi s plan to make a Singapore in Gujarat falls flat deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.
Mixed cues may temper momentum - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.